Gibraltar Industries Inc (NASDAQ:ROCK) Holdings Decreased by Public Sector Pension Investment Board

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Public Sector Pension Investment Board reduced its stake in shares of Gibraltar Industries Inc (NASDAQ:ROCK) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,317 shares of the construction company’s stock after selling 10,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in Gibraltar Industries were worth $3,648,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Americana Partners LLC bought a new stake in shares of Gibraltar Industries during the fourth quarter valued at approximately $27,000. Amalgamated Bank raised its position in shares of Gibraltar Industries by 11.0% in the fourth quarter. Amalgamated Bank now owns 5,513 shares of the construction company’s stock worth $278,000 after buying an additional 545 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Gibraltar Industries by 62.8% in the fourth quarter. Renaissance Technologies LLC now owns 608,004 shares of the construction company’s stock worth $30,668,000 after buying an additional 234,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Gibraltar Industries in the fourth quarter worth $262,000. Finally, AJO LP increased its stake in Gibraltar Industries by 97.9% in the fourth quarter. AJO LP now owns 101,065 shares of the construction company’s stock valued at $5,097,000 after acquiring an additional 50,007 shares during the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

Shares of NASDAQ:ROCK traded up $3.77 on Thursday, reaching $42.97. 259,676 shares of the company traded hands, compared to its average volume of 386,673. The business’s 50-day simple moving average is $49.07 and its 200 day simple moving average is $49.88. Gibraltar Industries Inc has a 52 week low of $30.60 and a 52 week high of $56.58. The stock has a market capitalization of $1.30 billion, a P/E ratio of 21.59 and a beta of 1.50. The company has a current ratio of 1.91, a quick ratio of 1.56 and a debt-to-equity ratio of 0.03.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Friday, February 28th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. Gibraltar Industries had a return on equity of 13.14% and a net margin of 6.21%. The firm had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $256.08 million. During the same period last year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts expect that Gibraltar Industries Inc will post 3.01 EPS for the current fiscal year.

A number of brokerages have recently issued reports on ROCK. Sidoti raised Gibraltar Industries from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday. ValuEngine raised Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Friday, January 24th. Finally, BidaskClub cut Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Gibraltar Industries Profile

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

Further Reading: What is Cost of Debt?

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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